Friday, November 13, 2015

Still Stuck: Mobility Rate Near Record Low in 2014-15

Americans still aren't moving much. Only 11.6 percent of U.S. residents aged 1 or older as of March 2015 had moved in the previous 12 months, according to the Census Bureau. This mobility rate is just 0.1 percentage points above the all-time low of 11.5 percent recorded in 2013-14. The tiny increase was due to a bump up in movers from abroad.

Among homeowners, only 5.1 percent moved in the 2014-15 time period, higher than the all-time low of 4.7 percent in 2010-11. Among renters, the mobility rate fell to an all-time low of 24.0 percent in 2014-15.

ABOUT ME

Demographer and editorial director of New Strategist Press, Cheryl Russell is the former editor-in-chief of American Demographics magazine and The Boomer Report. She has written numerous books about demographic trends. Ms. Russell is a professional demographer with a master's degree from Cornell University.